Risk capital long-term investment pilot adds new members, with 9 private equity funds entering the operating phase.

The second batch of long-term investment pilot projects for insurance funds has made substantial progress. Seven insurance-owned private equity fund managers have been established and filed for registration, and nine private equity funds have entered the operational stage. It is understood that the long-term investment pilot projects for insurance funds have received support in accounting measurement, solvency, and other related policies, which helps reduce the profit fluctuations caused by insurance companies' investment in equity assets under the new accounting standards, and further enhances the enthusiasm for insurance fund allocation of equity assets. This pilot project is conducive to increasing long-term investment assets that comply with investment strategies for insurance funds, optimizing the asset-liability matching of insurance funds under the new accounting standards, and improving the efficiency of fund utilization. In addition, under this pilot project, a long-term investment strategy is generally adopted, which is conducive to better leveraging the stabilizing role of insurance funds in the market, supporting the stable operation of the capital market, and promoting the benign interaction between the capital market and insurance funds.